MANAGEMENT

Detailed explanation-1: -Planning makes these objectives explicit and states activities are to be embraced to accomplish these objectives. Planning is an essential capacity, it sets out the base for all functions of management.

Detailed explanation-2: -It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals.

Detailed explanation-3: -MBO is an acronym for Management by Objectives. It can be defined as a management system that measures employees’ performance against a series of set targets or goals to gauge their overall performance in their role. These objectives are often tied into those set for the overall business or department.

Detailed explanation-4: -The planning function includes this vision and goal-setting along with the work of creating a plan to reach those goals. They identify business challenges, work on future-facing initiatives (such as growth plans, company goals, and business forecasting) and make decisions that move the business toward goals.

Detailed explanation-5: -Leading: This management function involves the use of influence to motivate employees to achieve organizational goals.